Police say a Barrington man stole approximately $1.9 million by writing checks and transferring funds to himself that belonged to an elderly family member in Cary.
The Cary Police Department received a report on August 26 of a person stealing money from an elderly family member.
The suspect, Douglas Boncosky, 54, of Barrington, was named power of attorney in 2018 over an 80-year-old woman, according to Cary Deputy Police Chief Scott Naydenoff.
The victim, who is a family member of Boncosky, resides in Cary.
Investigators began an investigation and determined that Boncosky unlawfully wrote numerous checks to himself and his business from the victim’s account, Naydenoff said.
He also unlawfully transferred funds to himself and his business from the victim’s account, Naydenoff said.
Naydenoff said evidence obtained showed an estimated $1.9 million was stolen and used by Boncosky for personal gain.
The case was reviewed by the McHenry County State’s Attorney’s Office, which approved aggravated identity theft, theft exceeding $1 million, financial exploitation and forgery.
The most serious charges against Boncosky are Class X felonies, which carry six to 30 years in prison.
Boncosky was arrested on Monday by the Cary Police Department and transported to the McHenry County Jail.
While the charges are non-detainable under Illinois’ SAFE-T Act, prosecutors filed a petition to detain Boncosky pending trial under the premise of him being a willful flight risk.
McHenry County Judge Michael Coppedge granted the petition to hold Boncosky.
The judge found that Boncosky had obtained “substantial assets” from the theft and had taken steps to change communication information. Prosecutors said Boncosky expressed intent to move to Florida.
Boncosky is scheduled to appear in court again on Thursday for a status of preliminary hearing.